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China’s alternative accommodation industry in 2021: ADR falls below $48

01/28/2022|4 years ago

Over 75% of short-term rental properties saw revenue below RMB 1 million.

Travel companies tap advance purchases; Disney hints at stricter checks | Weekly Review

04/18/2020|6 years ago

Chinese travel executives look to advance purchase offerings for recovery; Carnival says China may be among the first areas to cruise again.

OTA giant invests in PMS provider; payment startup raises $160M | Daily Brief

04/16/2020|6 years ago

Hundreds of hotels in Wuhan call for government aid after voluntarily providing free rooms to medical workers battling coronavirus; Cathay Pacific carried 90% fewer passengers in March.

PMS provider GreenCloud gets Trip.com Group investment

04/16/2020|6 years ago

All major PMS providers in China now have OTA investors following this deal.

eLong reports 94% growth in domestic hotel network in Q3 2015

11/19/2015|10 years ago

Net revenues for the third quarter increased 2% to RMB307.2 million (US$48.3 million), compared to RMB301.5 million in the third quarter of 2014.

Quarterly room nights exceed 11 million in new record for eLong in Q2 2015

08/04/2015|10 years ago

eLong is well positioned with a strong leadership team, significant customer base, and adequate cash balance, according to its CEO.

Small-scale PMS Golden Swan gets US$1.6 million Pre-A financing

07/10/2015|10 years ago

“Our goal is to become the leader in the market of medium- and small-sized hotels in third- to sixth-tier cities within the next three years,” said CEO Lihua Xiao.

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